Sterling’s gentle decline against the euro and US dollar, which began on 1st August, has continued into a second week for the euro, while levelling out against the dollar.
Over the course of the month and year, however, while sterling is well down on the dollar it is still slightly up on the euro.
It’s all been a bit low-powered on the currency markets so far this week, however, with few data releases to worry about until Friday, when the GDP figures will be out for July.
In the meantime, while we’re waiting for a new prime minister, waiting for inflation to hit double figures and energy bills to rise 80%, waiting for a recession, and even waiting for rain, at least there is something to be proactive about, and that’s a property purchase or move abroad.
Your planning early should begin with a conversation with your trader on 020 8003 4915. Without that, you’ll be guessing as to what your property budget will be. Having spoken to many, many international estate agents over the years, I know that they take a buyer more seriously if they have their currency organised.
The pound is still at the upper reaches of its post-referendum range, and well worth locking in before the deluge.
Lastly, we’re offering our biggest ever summer referral bonus this year, entry into a draw for a £2,000 flight voucher. Further details are here, so why not have a think about any family members, colleagues or friends who might benefit from our service.
